Barclays made the boldest call of the day. Analyst Ramsey El-Assal upgraded PYPL from Sell to Hold. The new target price is $55. That is a 31% jump from the old $42 target.
The upgrade reflects shifting sentiment on PayPal's competitive position. The $49 billion fintech has seen short interest sit at 6.2% of free float. That is modest for a stock with its volatile history.
UNH also drew a fresh upgrade today. The consensus moved to Buy from Hold. The average analyst target climbed to $446. That marks an $8 increase from $438 previously. The managed care giant has a $380 billion market cap.
In energy, CVX's consensus target price rose to $214. That is up from $214 previously — a slim move, but analysts are holding their Buy-leaning stances on the oil major.
PGR bucked the positive tide. Progressive Corporation saw its average target cut to $231.60 from $234.20. Insurers face pressure from rising claims costs.
ELV picked up a small target increase to $447.90. Elevance Health trades alongside UNH in the battered managed care space. Both upgrades suggest the sector selloff may be overdone.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
